Short Interest in iShares Short-Term California Muni Active ETF (NASDAQ:CALI) Declines By 42.5%

iShares Short-Term California Muni Active ETF (NASDAQ:CALI) was the recipient of a significant decline in short interest during the month of March. As of March 13th, there was short interest totaling 27,475 shares, a decline of 42.5% from the February 26th total of 47,823 shares. Based on an average trading volume of 63,385 shares, the short-interest ratio is currently 0.4 days. Currently, 0.5% of the shares of the stock are short sold.

Hedge Funds Weigh In On iShares Short-Term California Muni Active ETF

Several large investors have recently bought and sold shares of the company. Cheviot Value Management LLC acquired a new stake in shares of iShares Short-Term California Muni Active ETF during the second quarter valued at about $88,000. JPMorgan Chase & Co. bought a new position in iShares Short-Term California Muni Active ETF in the 3rd quarter valued at approximately $46,000. Cary Street Partners Financial LLC bought a new stake in iShares Short-Term California Muni Active ETF during the 3rd quarter worth approximately $1,304,000. Graybill Wealth Management LTD. acquired a new position in iShares Short-Term California Muni Active ETF in the 3rd quarter valued at approximately $304,000. Finally, Diversified Portfolios Inc. acquired a new position in iShares Short-Term California Muni Active ETF in the 4th quarter valued at approximately $629,000.

iShares Short-Term California Muni Active ETF Stock Up 0.1%

Shares of CALI stock traded up $0.05 on Friday, reaching $50.37. The company had a trading volume of 45,533 shares, compared to its average volume of 76,004. The business’s 50-day moving average is $50.60 and its 200 day moving average is $50.57. iShares Short-Term California Muni Active ETF has a one year low of $49.57 and a one year high of $50.79. The stock has a market capitalization of $259.41 million, a PE ratio of -149.58 and a beta of 0.06.

iShares Short-Term California Muni Active ETF Announces Dividend

The business also recently announced a monthly dividend, which was paid on Thursday, March 5th. Shareholders of record on Monday, March 2nd were given a $0.099 dividend. The ex-dividend date was Monday, March 2nd. This represents a c) dividend on an annualized basis and a yield of 2.4%.

iShares Short-Term California Muni Active ETF Company Profile

The iShares Short-Term California Muni Active ETF (CALI) is an exchange-traded fund that mostly invests in investment grade fixed income. CALY is an actively managed fund that primarily invests in municipal securities exempt from federal income taxes. It will hold short-term, investment grade Muni bonds issued in California while aiming for an effective portfolio duration equal to or less than 1.5 years. CALI was launched on Jul 11, 2023 and is issued by BlackRock.